The Best Day Trader in the World

The Best Day Trader in the World

by Roman on January 1, 2009

Every now on then a mysterious day trader pops out to say that he is the best trader in the world – just give him a little money and his company will sell you the secret that made them millions.

These guys are all fakes. They didn’t make any money trading so they are trying to make some money selling their ideas (the one’s that don’t work).

If you have any common sense you keep your money as far away from these guys as possible.

There is, however, a person that can truly say that he is the best in the world.

Larry Williams – the best trader in the world

Larry R. Williams was born in 1942 – currently he is a technical analyst, a stock and commodities trader and runs his own Futures trading website.

In 1987 Larry took part of the World Cup Championship of Futures Trading. The competition lasted for 12

Larry Williams

months and the goal was to start with $10 000 and the one with the most money in the end of the year was to become the winner.

Larry Williams won the competition by turning 10,000 dollars into $1,147,000 in 12 months – something that no one has ever come close to achieving. That is a yearly growth of 11 370% or a monthly rate of almost 1000 per cent.
During the competition Williams actually managed to run his winnings to more than 2 million dollars by the end of September but then dropped back down to $750,000 after the market crash in October 1987.

In the two last months of the competition Williams managed to make almost 400 000 dollars and conquer the million dollar mark for the second time during the same year.

Larry was lucky but he knew what he was doing

It seemed to a lot of people that Williams was just extremely lucky but no one was ready for what was to happen ten years later that truly showed that Larry knew exactly what he was doing.

In 1997 Larry taught his daughter Michelle Williams his trading strategy and while only being 16 Michelle managed to win the same competition with 1000 percent return on her US$10,000 investment.

In addition to being a great trader, Mr.  Williams is also known for developing different stock market indicators – including the Williams %R and the Ultimate Oscillator.

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{ 15 comments }

cobwab January 1, 2009 at 10:36 pm

I tried Larry’s newsletter and never made a dime.

He is just another faker. If you read his books, he never really tells you what method, process, or system he uses.

Roman January 2, 2009 at 7:15 am

I am sorry to hear that! I have never used his newsletter tips myself nor I haven’t read any of his books – simply because I just recently found out about him.
All of Larry’s email newsletters and tools are free, so he has my respect in that!

What made him stand out in my view is that he managed to win a trading competition and then 10 later teach her daughter everything she needed to know to win the same competition!
If you are fake you just wouldn’t be able to do that!

Nick January 2, 2009 at 6:29 pm

It’s pretty cool, the thing is that he can’t just give away his methods because then everyone would use them and they would not be as effective! That said, with performance like that I wonder if he runs some sort of hedge fund or something like that and also how he has weathered the current market situations.

Makes me wonder why more people don’t talk about/haven’t heard of him. Seems like he should be as common of name as Warren Buffet and Jim Cramer…

ivan April 5, 2009 at 2:06 pm

nice indicator i use his indicator through yahoo finance technical analysis chart… but not useful for me … may be his indicator work in smooth market…who knowsssssssss

Pamela Cherry December 16, 2009 at 8:59 pm

If Mr. Williams had used Robottraders unique color coded system he migh have even doubled his profits! This system has removed the curtain from the stage of day trading and made it very transparent so that one knows when to buy and when to sell.

James March 6, 2010 at 7:39 pm

I only found out about Larry, but he is probably one of the best traders in the world, because he won that competition. I mean turning 10k into a million is just amazing. And then teaching his daughter to trade and then for her to win the competition is amazing in its own right. He tells people the truth in trading, that you can’t just copy and follow a system, but the system is a tool. You have to adapt and learn about the markets and see how you can develop as a trader. I have not read his books, but I think the free information he gives out is very helpful.

Roman March 7, 2010 at 7:57 am

I think that looking more into the stuff and information he gives out for free can never be a bad thing, especially with his track record!
If you read any of his books, let me know!

James March 7, 2010 at 9:03 am

I have not read any of his books. I already study trading, but I plan to get some of the old books by past traders. I hear they are the best books.

prasad April 19, 2010 at 6:31 am

excellent trader larry

john December 20, 2010 at 10:33 am

What most people don’t know is that Larry traded 10k into 3 million (or something close to that, not sure of exact figure), then he lost around 2 million to wind up with 1 million. That shows you how risky trading is. Larry never mentions this because it would scare people off. I subscribed to a service of Williams for one year and never made any money on it. Williams is a great trader but trading is a very hard occupation and extremely stressful. You can’t make any money by just reading trading books, going to seminars, or subscribing to some newsletter. This is why Larry teaches and writes books. That stuff is far easier to do than trading (as long as your conscience can withstand misleading people).

thomas December 28, 2010 at 12:21 pm

look it took warner buffet 50 years do what larry did
in 1 year
ex. if you invisted
with warner buffet 50 years ago it will be exaclty 10,000,000(10,000) but if you invist with larry it will be around 12 million in 50 years and he would not only be the richist man
on our planet but one of the richist ever

John April 30, 2011 at 1:18 am

I was on his website chartpat… and he posted some ROI pages from 1999 – if you look at that era it was the largest bull market in history – some of the dumbest people made fortunes back then just by buying something low and selling high. Trading is very difficult and risky. Very few financially survive or make a living off of it.

If you look at the links on his site about the 40 and 100 greatest traders most did like one dumb trade and were considered hero’s & greatest traders. You can’t make a living off of one dumb trade unless it is a huge position and you can retire off it. It’s like the casino, almost all give it back after they had some dumb luck at the gambling table.

I have heard from many that they can’t make money off his system and would never buy into it. Quite frankly if those quarterly results he represents on his website are really true then he should have a multi-billion hedgefund and would never have to worry about money again.

Buffets’ system is extremely profitable because he doesn’t look for big breakouts. He looks for value and good management. Undervalued stocks with solid management will always rise over time. That’s Buffets logic, not mine. But I do agree with it, as this is a sustainable model over time. It’s common sense, if people keep buying at costco and starbucks then the companies will continue to grow and generate profits, again with good management of course.

Nobody has ever generated those returns from the contest and he may have been dumb luck. Also if you look at the position hold durations they are on average 5 weeks (for the samples I checked at least), hence he is not a day-trader as many try to credit him for. Also the most successful traders you will never hear of because they don’t want anyone to know, so I am sure there are plenty that nobody will ever know about.

One thing I must say is that there is always “something” good in any program you buy into and any book you buy related to financial markets. You just have to be smart enough to know what is good or works for you. Many times the simplest analysis can propel you higher. Fibonaci was the best analysis creator and he never even knew the market existed. Fn-2 = Fn – Fn-1 (this is the negative version)

kumar kannna R July 4, 2011 at 5:22 am

i would agree that capital markets are risky and day trading extremely risky but you can learn from your mistakes. For example i use to buy shares when the price reaches the days low or below days low and will short the shares at days high or above days high but i losed money many a times so i analyzed why am i losing money then i came to know when the stock touches low then some panic selling takes place so it will move further down and if it reaches high so many people are optimistic about the shares and the share price moves higher and by that i started making money, one thing is strictly stick to profits, small profits many trades. try man nothing is impossible in world, be optiomistic will succeed one day for sure

marc September 16, 2011 at 11:01 pm

The best trader you can learn a lot from is Trader Vic, Victor Sperandeo, featured in the book Market Wizzards, read his 3 books , he is the best. Williams is just one of those making money on seminars , news letters , systems, real traders trade and do not sell nothing

scott October 13, 2011 at 6:21 am

amazing story where can i find his methods? and free? i like that :)

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